"real estate"

Get yourself ready for property news and investment in the real estate industry in the fast-changing world.

U City, whose main business is the hospitality business with 51 hotels and 8,978 keys, is poised to benefit from what Airbnb CEO, Brian Chesky regards as ‘the Travel rebound of the Century’ as countries open their borders, and people are desperate to travel after more than a year of restrictions.

Country Group Development Public Company Limited (CGD) today announced the following results for the quarter ended March 31, 2021, as compared to the corresponding period of last fiscal year despite COVID-19 second wave

Raimon Land Public Company Limited announces 1Q/2021 profit increase of 199% as compared to the same period last year, announces profit of THB 138mn despite the COVID-19 economic downtrend.

Though Thailand’s property market showed some signs of recovery in the third quarter of 2020, homebuyers’ purchasing power was weakened with the arrival of a new wave of Covid-19 infections in mid-December, Nattha Kahapana, deputy managing director and head of Knight Frank’s Phuket operations said.

Real estate developer Magnolia Quality Development (MQDC) is turning the virus crisis into an opportunity by focusing on the “home-based economy/lifestyle” as the new normal for home-buying decisions. The company is also forging ahead with residential projects under the “For All Well-Being” concept, which prioritises space and green areas under the new home-based living trend.

Magnolia Quality Development Corporation (MQDC), one of Thailand’s largest real estate developers, said construction work on its projects would continue amid the Covid-19 outbreak.

Sinking real estate stocks dragged down the Stock Exchange of Thailand (SET) Index on Thursday (May 7).

The real estate market has become lethargic since the outbreak of the new coronavirus in China, taking a toll on the purchasing powers of Thais and Chinese buyers, industry experts said.

Korean investors have been turning their attention toward the real estate market, reflected in an increase in mortgage lending, while cash flows in the equity market have been overall stagnant, recent data showed.

Condos make up the highest demand in real estate purchases, Plus Property announced on Monday, citing its recent survey of the Hua Hin-Cha Am market, which saw 11,700 units up for sale in the first six months of 2019, with a 76-per-cent take up. The Hua Hin zone near the sea is the most popular, with 70 per cent of the units offered selling fast, aided by the recent reduction transfer fees and easing in access to mortgages. Condos priced under Bt3 million are the most popular.

The government has launched a new economic stimulus measure to boost the real estate business by lowering property transfer fees from 2 per cent to 0.01 per cent and mortgage fees from 1.0 per cent to 0.01 per cent for buying condominium units priced at not over Bt3 million.